Bitcoin hit new lows last night. At present, the adjustment pattern has been completed. We will wait for the recent lows to be made within the week. After falling below 25300, the market may go up to 24200, which is also expected in early trading. Therefore, today cautiously continue to wait for the trend line support to be touched. Bitcoin operation recommends buying around 24300, stop loss at 23700 points, target 26300~28500~30000~31000. If it fails to touch 24200 but the bulls start early, then once 26400 is recovered, the bulls' trend will be clear.
There is a high probability that Bitcoin's daily line will stabilize and rise from the golden section 50%~61.8% area.
At present, wave C 2 has evolved into a five-wave adjustment pattern, that is, the rare triple three-wave structure WXYXZ, which is currently in the last sub-wave Z. When it stands above 26400, it will be declared that the adjustment is over, and a new upward trend has begun
The upper pressure is 26300~28500~30000~31000, and the lower support is 24200.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻